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The UAE's Gulftainer has signed an agreement to co- develop and operate Ust-Luga Port near St Petersburg in Russia for a total cost of US$275mn.
Middle East passenger traffic is expected to reach 140mn by 2015 and Emirates is likely to become the world's largest widebody carrier, global management consulting firm The Boston Consulting Group (BCG) says in a new report.
Etihad Rail has appointed China South Locomotive & Rolling Stock Corporation Limited (CSR) to supply 240 covered wagons for the carriage of granulated sulphur in the Western Region of Abu Dhabi.
Kuwait Airways Corporation's privatisation committee — PrivComm — will assess expressions of interest (EOIs) made to purchase a 35 per cent stake in the carrier following the expiry of the August 25 deadline for submissions.
Maersk Line, the world’s biggest container shipping line, will resume its cargo service to Libya on Sept. 8 in its first shipment since February, a spokesman said.